AI is too risky to insure, say people whose job is insuring risk
NegativeArtificial Intelligence
- Major insurers such as AIG, Great American, and WR Berkley are seeking approval from U.S. regulators to exclude AI-related liabilities from their corporate insurance policies, citing concerns over the unpredictable nature of AI models, which one underwriter described as 'too much of a black box.'
- This development highlights the growing apprehension within the insurance industry regarding the risks associated with AI technologies, potentially leading to significant gaps in coverage and increased scrutiny from regulators as companies navigate the complexities of insuring emerging technologies.
— via World Pulse Now AI Editorial System